Product & Rate Updates

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AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY® (AMERICAN EQUITY)

Required Suitability and Product Training

To be up-to-date with industry regulation, we have made important changes to our suitability training and product-specific training. These updates became effective January 3, 2020, on our agent website


Suitability training

There is a new, separate training module specifically on suitability concepts. Note: The new suitability training will be mandatory for new agents effective February 3, 2020. Current agents have until July 31, 2020, to take the new training. 


Product-specific training

Our product-specific training has been refreshed and is now available in an updated, interactive and easy-to-read format. Agents who have already completed training modules will not be required to retake the training.

AMERICAN GENERAL LIFE (AIG)

New Term Rates! As of February 1, 2020, Select-a-Term gets even more competitive in some of the most popular issue ages and classes. 


  • 18 durations, including 10-year and 15 through 30 years and a 35-year term
  • Convertible to the earlier of age 70 or the end of the level term period


In addition to rate changes (including increases and decreases in certain cells), the product will now have new Annual Renewable Term (ART) rates, changes to the ART design, and discontinuation of the Term Conversion credit.

ATHENE

Two new indices coming February 3, 2020!


We're excited to announce the addition of two new index options to our Athene national fixed indexed annuity (FIA) product portfolio.


Same products, same great features — with two new index options for your clients. More information coming soon.

  • NASDAQ FC Index (BOFANFCC): Powered by Bank of America
  • TAl Powered US Equity Index (AIPEX): Powered by IBM Watson®


Popular Janus SG Market Consensus Indices will be retired.

These two indices will be available for new business on February 3, 2020. They will replace the Janus SG Market Consensus and Morningstar® Dividend Yield Focus Target Volatility 5 IndexSM options as well as the S&P 500® 1-year Monthly Cap Index Strategy.

Before they go away, don't miss your opportunity to offer our current index lineup, including out popular Janus SG Market Consensus Indices.


Important Processing dates: 

FIA applications signed on or before January 31, 2020, received in good order by Athene no later than 4 p.m. CT on February 14, 2020, will be issued with the current lineup of index options.

GREAT AMERICAN INSURANCE GROUP (GREAT AMERICAN)

We are pleased to announce our new Index Protector 4SM and Index Protector 5 MVASM fee-based fixed-indexed annuities.


Just like our flagship Index ProtectorSM 7, these solutions can enhance clients' portfolios by providing growth opportunities with locked-in earnings and protection from loss in the event of market volatility. 


These products were available for sale starting January 6th. Please review the linked product reviews, which contain product features, about why your representatives should offer these new solutions. We are currently working on Broker/Dealer approvals. Feel free to reach out to your Broker/Dealer contacts regarding your product approval.  


Also as of January 6th, the MSCI EAFE ETF strategy became available on the Index Protector products.

PRUDENTIAL FINANCIAL, INC. (PRUDENTIAL)

Prudential is expanding the distribution of fixed indexed annuity products to additional states!

We are pleased to inform you that SurePathSM and SurePath® Income has been approved by California, and is available for sale as of January 3, 2020. (Click the following links for state availability and rates: SurePathSM State Availability Chart | SurePath® Income State Availability Chart | SurePathSM Rates 12-15-19 | SurePath® Income Rate 12-15-19)


Don't forget! An active state appointment, along with California Annuity Suitability Training and product-specific training, are required prior to solicitation. Click here for instructions on how to access product training through RegEd.

MARKET SYNERGY GROUP (MSG)

New Power Select Product Training REQUIREMENT

At this point, there has been quite a collection of changes to the product training, so AIG is requiring all existing agents to complete new product training. This course will satisfy the new training requirement for existing agents. (New Agent - Access Info Here) AIG is allowing until February 23, 2020, for the training to be completed, but we encourage you to have your agents take this right away to avoid delays with their business. Here are some additional things to be aware of: 

  • Applications with a signed date prior to February 24, 2020, will be accepted if a previous version of the product training was completed. 
  • For applications with a signed date of February 24, 2020, or later: If new product training course I5281LS.14 has not been completed, applications will be deemed NIGO and paperwork will need to be re-signed and re-dated.
  • Between now and February 24, 2020, when business is received, the Licensing team at AIG will send a courtesy email directly to the agent with a copy to the IMO to remind the agent that new product training will soon be required.
  • No announcement for the new training requirement will be sent directly to the agents by AIG. We encourage you to reach out to your agents NOW to make sure they are aware of this new requirement.